Protest of New York Importers and Merchants Against the McKinley Tariff Bill, (H.R. 9416) Together with Reports from the Subcommittees Representing the Differnt Trades Showing the Injurious Effect of the Proposed Law on the Trade, Commerce and the

Importers New York

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 Excerpt: ...in amount of duty to be paid. It seems that the tax of 1 cent per pound is to be retained until the 1st of July, 1891, and after that time all gauges from 25 to 29 are to be taxed 2% cents per pound, and as nearly all tin and terne plates come within those gauges, substantially that will be the rate of the whole product, Without any increase in the consumption, this difference would make an addition to the tin plate duty of $8,750,000 per annum, which would make a total tax of $15,750,000 per annum, for the tin plates needed for this countrys welfare, and judging from the past increase in the consumption, the amount must be largely in excess of even these enormous figures. This amount is to be drawn from the pockets of the people without being needed for Government expenses, and upon the sole proposition that by it we shall be enabled to establish a new industry, and eventually supply ourselves with tin plates manufactured in this country. Now multiply this amount by the ten, twenty, thirty years or more that these duties will be demanded by the manufacturers, and judge if it be wise to buy the industry at such a price. It must not be lost sight of that the manufacture of articles in this country from tin plates is now an industry of enormous magnitude. Were tin plates free, there is little, if any doubt, that these manufacturers could all of them find a market in foreign countries for their product, in competition with the product of any other nation in similar goods. This market is denied now by the duty of i cent per pound, and you can easily imagine how helpless it will be in the face of a duty of 2% cents per pound. Your committee would include in their report the following appeal from Wm. Numsen & Sons, Thos. J. Myer & Co., Brewington, Bainbr...